AjoMoney was officially founded in September 2021 to help millions of Africans get out of poverty and bad debts through community financing.
We started by digitizing the centuries-aged rotating savings and credit association (ROSCA) where groups of people can form a community to save money and rotate credit collection.
In 2022, we introduced collective investment by making it possible for groups of people to invest together and share the returns proportionally. This is very more efficient than investing alone.
We’ve extended our solution to be available for cooperatives, thrift agents, businesses (SMEs) and even developers (partners).